Gold imports plunge 24% to $35 billion in 2022-23 due to global economic uncertainties
The significant fall in gold imports though has not helped in narrowing the country's trade deficit -- the difference between imports and exports. The merchandise trade deficit in 2022-23 was estimated at $267 billion against $191 billion in the year-ago period.
The growth rate in the imports was in the negative zone during August 2022 to February this year. Source: Pixabay